Can I retire at age 54 with 570,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $570,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%16.6%
1 years$47,070$46,651$46,242$45,842$45,453$44,228
2 years$23,302$22,868$22,447$22,040$21,644$20,419
3 years$15,380$14,945$14,525$14,121$13,732$12,545
4 years$11,420$10,986$10,570$10,173$9,794$8,654
5 years$9,045$8,613$8,203$7,814$7,445$6,355
6 years$7,462$7,033$6,629$6,249$5,891$4,853
7 years$6,331$5,906$5,509$5,138$4,791$3,804
8 years$5,484$5,063$4,672$4,310$3,975$3,038
9 years$4,825$4,408$4,024$3,671$3,347$2,461
10 years$4,299$3,886$3,508$3,164$2,852$2,014
11 years$3,868$3,459$3,089$2,754$2,453$1,663
12 years$3,510$3,105$2,741$2,416$2,126$1,381
13 years$3,206$2,806$2,449$2,133$1,853$1,154
14 years$2,947$2,550$2,200$1,893$1,625$968
15 years$2,722$2,330$1,987$1,688$1,431$815
16 years$2,525$2,138$1,801$1,512$1,264$688
17 years$2,352$1,969$1,639$1,358$1,121$582
18 years$2,198$1,819$1,496$1,224$997$494
19 years$2,061$1,686$1,370$1,106$888$419
20 years$1,937$1,567$1,257$1,002$794$357
21 years$1,826$1,459$1,156$909$710$304
22 years$1,724$1,362$1,066$827$637$259
23 years$1,632$1,274$984$753$571$221
24 years$1,547$1,194$910$687$514$189
25 years$1,470$1,120$843$627$462$161
26 years$1,398$1,053$782$573$416$138
27 years$1,332$991$726$525$375$118
28 years$1,270$934$675$481$339$101
29 years$1,213$881$628$441$306$86
30 years$1,160$832$585$405$276$74
31 years$1,111$786$545$372$250$63
32 years$1,064$744$509$342$226$54
33 years$1,021$705$475$314$205$47
34 years$980$668$444$289$185$40
35 years$942$633$415$266$168$34
36 years$905$601$388$245$152$29
37 years$871$571$363$226$138$25
38 years$839$543$340$208$125$22
39 years$808$516$319$192$113$18
40 years$779$491$299$177$103$16
41 years$752$467$280$163$93$14
42 years$726$445$263$151$85$12
43 years$701$424$247$139$77$10
44 years$677$404$231$128$70$9
45 years$655$385$217$119$63$7
46 years$633$368$204$110$57$6
47 years$613$351$192$101$52$5
48 years$593$335$180$94$47$5
49 years$574$320$169$86$43$4
50 years$557$306$159$80$39$3

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 54 starting with $570,000, adding $6,056 every year, while hoping to spend $29,149 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 67/9/24 Blend
53$570,000$570,000$570,000$570,000
54$634,387$604,177$595,342$672,597
55$668,080$602,767$584,271$697,606
56$704,233$600,311$571,853$721,066
57$743,066$596,728$558,011$746,047
58$784,820$591,929$542,666$772,701
59$829,761$585,823$525,735$801,193
60$878,180$578,311$507,130$831,708
61$930,397$569,291$486,762$864,450
62$986,763$558,652$464,534$899,645
63$1,047,664$546,278$440,348$937,542
64$1,113,526$532,046$414,099$978,417
65$1,184,814$515,824$385,680$1,022,575
66$1,262,041$497,476$354,977$1,070,355
67$1,345,772$476,854$321,870$1,122,129
68$1,436,625$453,805$286,238$1,178,310
69$1,535,283$428,164$247,949$1,239,353
70$1,642,496$399,758$206,870$1,305,764
71$1,759,090$368,405$162,859$1,378,098
72$1,885,971$333,911$115,768$1,456,973
73$2,024,139$296,071$65,446$1,543,067
74$2,174,693$254,670$11,729$1,637,132
75$2,338,842$209,480$0$1,739,999
76$2,517,917$160,258$0$1,864,260
77$2,713,385$106,750$0$2,003,217
78$2,926,857$48,688$0$2,155,027
79$3,160,110$0$0$2,320,975
80$3,415,099$0$0$2,503,883
81$3,693,974$0$0$2,709,233
82$3,999,107$0$0$2,933,952
83$4,333,107$0$0$3,179,967
84$4,698,846$0$0$3,449,397
85$5,099,489$0$0$3,744,580
86$5,538,520$0$0$4,068,086
87$6,019,778$0$0$4,422,749
88$6,547,488$0$0$4,811,689
89$7,126,306$0$0$5,238,342
90$7,761,359$0$0$5,706,494
91$8,458,295$0$0$6,220,312
92$9,223,334$0$0$6,784,391
93$10,063,330$0$0$7,403,788
94$10,985,831$0$0$8,084,076
95$11,999,152$0$0$8,831,395
96$13,112,454$0$0$9,652,506
97$14,335,828$0$0$10,554,861
98$15,680,393$0$0$11,546,666
99$17,158,396$0$0$12,636,965
100$18,783,331$0$0$13,835,719